THE MORTGAGE FINANCE STORE LIMITED

🌳Matureactive
SC245264 · ltd · incorporated 2003-03-07
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£158.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.7y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 21.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £158,947

Key financials

2 years extracted from filed iXBRL accounts
Cash
£22k
Net Worth
£159k
↑ 2.2% YoY
Current Assets
£282k
↓ 4.7% YoY
Current Liabilities
—
£0£59k£118k£178k£237k£296kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£165.6k£237.1k
Current assets£282.0k£296.1k
Cash£22.3k—
Debtors£259.7k—
Net assets£158.9k£155.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 address
Last 180 days
4
filings
  • • 1 address
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-02-24
    ➕
    LEARY, David James appointed
    director
  3. 2026-02-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-10-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-10-27
    🔒
    Charge registered #2
    Lender: First Complete Limited T/a Primis Mortgage Network
  9. 2022-11-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2022-09-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-09-13
    ➖
    QUINN, Michael Gerard resigned
    director
  12. 2021-12-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-07-06
    ➖
    CONNELLY, Michael resigned
    director
  14. 2021-07-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-06-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2021-06-21
    ➕
    QUINN, Michael Gerard appointed
    director
  17. 2021-06-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-06-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2021-03-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2020-03-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2019-12-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2019-04-01
    ➖
    BOYLE, James Mark resigned
    director
  23. 2018-12-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  24. 2016-05-18
    ➖
    RAZAK, Rahim resigned
    director
  25. 2015-02-01
    ➕
    BOYLE, James Mark appointed
    director
  26. 2015-02-01
    ➕
    RAZAK, Rahim appointed
    director
  27. 2013-09-12
    ➖
    MICHAEL, Michelle Louise resigned
    secretary
  28. 2009-09-08
    ➖
    YOUNG, William Kenneth resigned
    director
  29. 2006-08-09
    ➕
    MICHAEL, Michelle Louise appointed
    secretary
  30. 2006-06-16
    ➖
    CARTER, Lorraine resigned
    secretary
  31. 2006-04-01
    ➕
    YOUNG, William Kenneth appointed
    director
  32. 2004-09-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  33. 2003-12-02
    ➕
    RICE, James appointed
    director
  34. 2003-03-07
    🏢
    Company incorporated
    As THE MORTGAGE FINANCE STORE LIMITED
  35. 2003-03-07
    ➕
    CARTER, Lorraine appointed
    secretary
  36. 2003-03-07
    ➕
    CONNELLY, Michael appointed
    director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Rice
Individual · British · DOB 06/1975 · age 51
——sig. influencesignificant influence06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2003-03-07
Jurisdictionscotland
Primary SIC66220 — Activities of insurance agents and brokers

Registered office

Office E2.9 Mid Craigie Trading Estate
Mid Craigie Road
Dundee
DD4 7RH
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-05
Last: 2025-12-22

Officers (2 active · 7 resigned)

LEARY, David James→
director · ~68y · appointed 2026-02-24
View their other companies + combined net worth →
Active
RICE, James→
director · ~51y · appointed 2003-12-02
View their other companies + combined net worth →
Active
CARTER, Lorraine→
secretary · appointed 2003-03-07 · resigned 2006-06-16
Resigned
MICHAEL, Michelle Louise→
secretary · appointed 2006-08-09 · resigned 2013-09-12
Resigned
BOYLE, James Mark→
director · ~43y · appointed 2015-02-01 · resigned 2019-04-01
Resigned
CONNELLY, Michael→
director · ~65y · appointed 2003-03-07 · resigned 2021-07-06
Resigned
QUINN, Michael Gerard→
director · ~41y · appointed 2021-06-21 · resigned 2022-09-13
Resigned
RAZAK, Rahim→
director · ~48y · appointed 2015-02-01 · resigned 2016-05-18
Resigned
YOUNG, William Kenneth→
director · ~64y · appointed 2006-04-01 · resigned 2009-09-08
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
First Complete T/a Primis Mortgage Network
First Complete Limited T/a Primis Mortgage Network
A registered charge—27/10/2023—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property28/09/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (74 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-27
appoint-person-director-company-with-name-date
officers · AP01
2026-02-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-25
termination-director-company-with-name-termination-date
officers · TM01
2022-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-03
termination-director-company-with-name-termination-date
officers · TM01
2021-07-06